Brunei Darussalam - Domestic trade

The economy of Brunei is primarily based on oil exports. Crude oil,
petroleum products, and natural gas constitute more than 99% of
Brunei's export value. Most food products and other consumer
goods come from Singapore, Japan and Malaysia. Most of Brunei's
beef is supplied by a government-owned cattle ranch in Australia which
is larger than Brunei itself.

Though foreign investment is encouraged, the government is making
efforts to increase local participation in industry and commerce. All
companies must be incorporated locally or registered as a branch of a
foreign company. At least half of the directors of any company must be
residents of Brunei. Public companies are required to have at least
seven shareholders and private companies must have between two and 50
shareholders. There is no personal income tax or capital gains tax in
Brunei.

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